Payments players react to debit cap cut
Payments Dive
OCTOBER 31, 2023
The CEOs of Mastercard and Global Payments chimed in with opposing views of the Federal Reserve Board’s proposal to lower the cap on debit interchange.
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Sanders, Hawley introduce credit card interest rate cap bill
Payments Dive
FEBRUARY 5, 2025
Bernie Sanders have locked arms to introduce legislation that would cap credit card interest rates at 10% over five years. In an unlikely union, Republican Sen. Josh Hawley and independent Sen.
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Fed to review debit card fee cap next week
Payments Dive
OCTOBER 20, 2023
The Fed hasn’t changed a debit card fee cap since it was put in place in 2011, but it's planning to take up the issue at a meeting next week.
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New Jersey enacts law capping surcharges
Payments Dive
AUGUST 23, 2023
New Jersey’s governor signed a new law capping credit card surcharges, limiting the amount merchants can charge for processing a transaction.
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New Study: 2018 State of Embedded Analytics Report
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PSR targets high cross-border interchange fees with proposed price cap
Neopay
DECEMBER 17, 2024
To combat this, the regulator is proposing a price cap to bring relief to businesses and their customers. Proposed Solutions: Capping Fees To address these issues, the PSR has proposed introducing a price cap on cross-border interchange fees, starting with an interim cap while further analysis determines a long-term solution.
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How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking
Fintech News
JANUARY 21, 2025
These changes, which include lifting restrictions on WhatsApp Pay and postponing the implementation of a market share cap for UPI apps, underscore the NPCIs commitment to create a fairer digital payment landscape in India, and ensuring equal opportunities for all participants, India TV News reported.
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Chocolate Finance Resumes Withdrawals, Raises Debit Card Spending Cap to S$1,000
Fintech News
MARCH 17, 2025
The report said the firm also raised the spending cap on its Chocolate Visa debit card to S$1,000, up from the S$250 limit imposed on 11 March 2025, to manage what it referred to as its liquidity programme. The company is working to process withdrawals in line with its standard redemption timeline of three to six business days.
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Mastercard and Visa extend cap on inter-regional fees for tourist cards in EU
Finextra
JULY 7, 2024
Visa and Mastercard have committed to keep a cap on tourist card fees in place for another five years, says the European Commission.
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UK payments watchdog proposes cap on interchange fees
Finextra
DECEMBER 13, 2023
The Payment Systems Regulator is propsing to cap cross-border interchange fees on credit and debit cards to protect UK businesses from rising costs.
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Fed proposes reduction in debit fee cap
Payments Dive
OCTOBER 25, 2023
The proposal also calls for periodic updates to the fee cap in the future. The Federal Reserve Board proposed a rule change that would slash the amount card issuers can charge merchants for processing a debit transaction.
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Discover flags potential Cap One merger delay
Payments Dive
FEBRUARY 12, 2025
Discover Financial Services said it now expects the transaction to be completed by May 19, three months later than initially expected as the companies await regulatory approvals.
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PayPal, Bread brace for late fee cap
Payments Dive
MAY 1, 2024
Payments and credit card companies are scrambling to soften the blow of an impending $8 cap on credit card late fees.
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CFPB $8 late fee cap edges toward reality
Payments Dive
APRIL 17, 2024
Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.
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Battle ensues over CFPB proposal to cap late fees
Payments Dive
MAY 5, 2023
Supporters and opponents of the CFPB’s proposal to cap late fees at $8 clashed in comments to the agency in recent weeks.
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Wise Singapore Quadruples Daily Holding Limit, Boosts Annual Spending Cap
Fintech News
AUGUST 13, 2024
The post Wise Singapore Quadruples Daily Holding Limit, Boosts Annual Spending Cap appeared first on Fintech Singapore. The total value held in personal and business accounts in Singapore reached approximately £340 million (S$590 million).
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Examining the PSR’s APP fraud reimbursement cap change
The Payments Association
OCTOBER 14, 2024
The Payment Systems Regulator’s decision to lower the cap for APP fraud reimbursements to £85,000. The Payment Systems Regulator (PSR) recently announced a significant change to the cap for authorised push payment (APP) fraud reimbursements. Cath expresses several criticisms of the proposed changes to the APP fraud reimbursement cap.
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MAS Ends Six-Month Restriction on DBS, Retains Additional Cap Requirement
Fintech News
MAY 1, 2024
” The post MAS Ends Six-Month Restriction on DBS, Retains Additional Cap Requirement appeared first on Fintech Singapore. The multiplier of 1.8 times will be lifted when MAS is satisfied that DBS Bank has demonstrated the ability to maintain service availability and reliability, and handle any disruptions effectively.”
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US Judge throws out CFPB's cap on credit card late fees
Finextra
APRIL 16, 2025
A US judge has killed of a Consumer Financial Protection Bureau rule capping credit card late fees at $8.
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India delays UPI market share cap deadline
Finextra
JANUARY 12, 2025
India has postponed the roll out of a cap that would limit the market share of third party app providers using the country's Unified Payments Interface (UPI).
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Visa remains cryptic about new surcharge cap
Payments Dive
APRIL 14, 2023
The card giant is set to impose a new surcharge cap of 3% tomorrow, but many payments processing professionals are still searching for details about it.
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BaFin lifts N26 customer onboarding cap
Finextra
MAY 28, 2024
After more than two years, Germany's financial regulator BaFin has lifted a cap on the number of new customers that digital bank N26 can onboard.
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Revolut and Visa file legal challenges over PSR's plan to cap fees
Finextra
MARCH 7, 2025
Revolut and Visa have filed legal challenges against the Payment Systems Regulator over the UK watchdog's decision to cap interchange fees on cross-border online payments, according to the Financial Times.
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Visa, Mastercard reach landmark credit card settlement
Payments Dive
MARCH 26, 2024
card networks agreed to cap interchange fees for five years, among other terms, to settle merchant litigation that has lasted nearly two decades. The two biggest U.S.
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Cap One, Discover expect merger completion delay
Payments Dive
FEBRUARY 12, 2025
Discover Financial Services said it now expects the transaction to be completed by May 19, three months later than initially expected as the companies await regulatory approvals.
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CFPB predicts late fee lawsuit settlement
Payments Dive
MARCH 26, 2025
The agency’s new leadership believes it can settle a 2024 lawsuit banks and business groups filed over an $8 cap on credit card late fees.
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CFPB attacks credit card late fees
Payments Dive
FEBRUARY 1, 2023
The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion.
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Synchrony, Bread plan offsets to late fee cap
Payments Dive
DECEMBER 14, 2023
“I want that shoe to drop so we can start mitigating that issue,” Bread CEO Ralph Andretta said last week, as the industry awaits the CFPB’s final rule.
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Credit card debt tops $1 trillion, before the holidays even arrive
Payments Dive
OCTOBER 3, 2023
Retailers may feel the pinch, especially those whose own store cards are facing rising delinquencies and a potential cap on late fees.
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Cap One-Discover deal detractors assail reported DOJ approval
Payments Dive
APRIL 6, 2025
Capital One’s $35 billion purchase faces two remaining federal approvals – and plenty of critics who expect consumers will face higher costs.
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Combatting the Rise of Cross-Border Fees: PSR Proposes Price Cap Consultation
The Fintech Times
DECEMBER 15, 2024
To ensure this doesn’t continue, it has proposed a consultation to price cap remedy to protect firms. We consider that consulting on a range of options for capping prices is the best way forward to ensure UK businesses get a better deal, and as such, we look forward to receiving evidence on these proposals from all interested parties.
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Biden, Republicans clash over card fees
Payments Dive
MARCH 8, 2024
President Biden and Republican lawmakers sparred Thursday over credit card late fees, as some House members also challenged the Federal Reserve’s proposed cap on debit card fees.
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Ripple Adds RLUSD Stablecoin to Cross-Border Payments Platform
Fintech News
APRIL 3, 2025
Jack McDonald We’re seeing the market cap continue to grow, outpacing our internal projections. Following earlier listings on platforms such as Bitstamp, Bullish, LMAX Digital and Zero Hash, the stablecoin is now also tradable on Kraken.
Most Valuable Companies in the World
The Finance Weekly
JUNE 24, 2024
Market capitalization, or market cap , is calculated by multiplying the current stock price by the total number of outstanding shares. per share would have a market cap of $156 billion. Investors use market cap to quickly estimate a company’s overall value and compare it with others. For instance, a company with 2.34
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Texas Judge Throws Out Rule That Would Have Capped Credit Card Late Fees
The Nilson Report
APRIL 18, 2025
The post Texas Judge Throws Out Rule That Would Have Capped Credit Card Late Fees appeared first on Nilson Report.
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Southeast Asia Shows Strong Interest in “Degen” Crypto Tokens
Fintech News
MAY 16, 2024
The Philippines has been uncovered to be the leading country in Southeast Asia showcasing overall interest in degen crypto and small cap cryptocurrency tokens, according to an extensive recent update from crypto resource platform CoinGecko. The top 25 most crypto degen countries account for a majority 77.8% of onchain speculation interest.
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Visa rattles ISOs with surcharge plan
Payments Dive
APRIL 12, 2023
Payment processors and their merchant clients are bracing for Visa’s surcharge cap next week. “Don’t fight Visa right now – you’re not going to win,” advises one consultant.
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European banks raise concerns over UK’s proposed cap on interchange fees
Neopay
AUGUST 22, 2024
European banks have expressed “serious concerns” regarding the UK Payment Systems Regulator’s (PSR) plan to cap interchange fees on cross-border digital transactions. They warn that the proposed cap could lead to losses on transactions due to the increased costs associated with digital wallets like Apple Pay and Google Pay.
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Cap One, Discover shareholders approve merger
Payments Dive
FEBRUARY 19, 2025
Stockholders of the two companies approved the big bank's $35.3 billion acquisition in separate meetings Tuesday.
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BaFin fines N26 €9.2m over late money laundering reports
Finextra
MAY 21, 2024
million for anti-money laundering failures but could be preparing to lift a cap on the number of new customers the digital bank can take on. German regulator BaFin has fined N26 €9.2
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UK regulator PSR plans cap on cross-border card fees
Finextra
DECEMBER 13, 2024
The Payment Systems Regulator is pushing ahead with plans to introduce a price cap on the fees Visa and Mastercard charge UK merchants when European shoppers make online purchases.
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RTP® and FedNow Transaction Limit Increases Fuel Instant Payments Surge
Fintech Finance
APRIL 24, 2025
84% of US banks say the new $10 million RTP® limit boosts its attractiveness, and 84% believe raising FedNow’s $500,000 cap will have the same effect. New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instant payments significantly more attractive for U.S.
Visa and Mastercard Sue Costa Rica’s Central Bank Over Fee Caps
The Nilson Report
OCTOBER 7, 2024
The post Visa and Mastercard Sue Costa Rica’s Central Bank Over Fee Caps appeared first on Nilson Report.
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